SENSEX, NIFTY50 trade lower; Sagility, Jubilant FoodWorks, Muthoot Finance among buzzing stocks

The Indian equity benchmarks were on track to snap their four-day winning streak on Friday, November 14, on the back of weak global cues after reports suggested that the US Federal Reserve may slow the pace of rate cuts going ahead.

The SENSEX fell as much as 436 points and NIFTY50 index touched an intraday low of 25,751 dragged down by losses in index heavyweights like Infosys, ICICI Bank, HDFC Bank, Tata Steel, Larsen & Toubro and Bharti Artel.

As of 12:23 pm, the SENSEX was down 190 points at 84,290 and NIFTY50 index dropped 58 points to 25,821.

Equities in Asia were trading sharply lower mirroring overnight losses in the US markets. Japan's Nikkei dropped 1.75%, China's Shanghai Composite declined 0.56% and Hong Kong's Hang Seng declined 1.61%.

US stocks ended sharply lower dragged down by steep losses in Nvidia and other recent outperforming AI-related shares amid expectations of lower interest rate cuts due to inflation worries and divisions among central bankers about the US economy's health, news agency Reuters reported.

The S&P500 dropped 1.66%, Dow Jones Industrial Average declined 1.65% and tech heavy Nasdaq fell 2.29%.

The company reported stable operational performance, as its EBITDA (earnings before interest, taxes, depreciation and amortisation), also known as operating profit, jumped 19% to ₹476 crore and its operating profit margin came in at 20.33%.

The total income rose to ₹6,461 crore compared to ₹4,126 crore seen in the corresponding period a year ago, Muthoot Finance said in a regulatory filing.

During the quarter, interest income increased to ₹6,304 crore against ₹4,068 crore logged in the second quarter of FY25.

The company added that The World Bank granted an extension for submitting its explanation in the sanctions case. The new deadline for submission is January 12, 2026.

The development comes as a major relief for Transformers and Rectifiers, which had earlier been barred by the World Bank for four years, until June 2029, over an alleged bribery case linked to a power project in Nigeria. The World Bank had also prohibited the company from bidding for or participating in any of its funded projects.

Its revenue from operations was almost flat at ₹6,174.02 crore in the September quarter of FY26. It was ₹6,113.88 crore in the corresponding period a year ago. During the quarter, LG Electronics India registered a drop in their EBITDA margin to 5.48% from 7.57% on a year-on-year basis.

The maker of Royal Enfield motorcycles reported a net profit of ₹1,369 crore in the second quarter of the current financial year, marking an increase of 24% from ₹1,100 crore in the same period last year.

The Delhi-based firm's revenue from operations advanced 45% to ₹6,172 crore in the July-September period from ₹4,263 crore in the year-ago period.

The state-run firm on Thursday signed a contract worth ₹2,095.70 crore with the Ministry of Defence for the supply of Invar anti-tank missiles for the Indian Army. The terms and conditions of the contract, however, were confidential in view of national security.

The order will be executed in a span of three years.

Bharat Dynamics also saw a 76.19% year-on-year (YoY) surge in its net profit to ₹216 crore for the second quarter of the 2025-26 financial year (Q2FY26).

Sequentially, it marked a steep jump in profit, which was at ₹18 crore in the first quarter of the current FY26.

The defence PSU’s revenue from operations increased a little over two-fold annually to ₹1,147 crore during the quarter under review, compared to ₹545 crore in the September quarter of the 2024-25 fiscal year (Q2FY25). In the quarter-ago period, its revenue was at ₹247.93 crore.

Trading volume surged by 25 times as 100 crore shares changed hands on the National Stock Exchange compared with an average trading volume of 4 crore shares.

On the BSE, as many as 3.93 crore shares changed hands against an average of 56.32 lakh shares traded daily in the past two weeks.